Cambridge Realty Capital Refinances The Pointe At Eastgate With $15.5M Loan

The Pointe at Eastgate in Algonquin, an assisted living facility catering to residents aged 65 and older transitioning to a supportive environment, has secured a $15.5 million HUD Lean loan to refinance. The property offers private apartments and various services including housekeeping, medication reminders, and transportation assistance. The 35-year loan was facilitated by Brent Holman-Gomez on behalf of the borrower, an Illinois-based limited liability company.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $15,500,000
• Address: 101 Eastgate Drive
• Market: Algonquin
• Lender: Brent Holman-Gomez - Cambridge Realty Capital Companies
• Loan Type: Refinance
• Loan Terms: 35-year loan

Cambridge Realty Capital Companies and Brent Holman-Gomez played key roles in securing the $15.5 million HUD Lean loan for The Pointe at Eastgate. The borrower, an Illinois-based limited liability company, benefitted from Brent Holman-Gomez's efforts in facilitating the 35-year refinance loan for the senior housing property in Algonquin.